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Does Warren Buffett's $5B investment into BofA make sense to you?


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Does Warren Buffett's $5B investment into BofA make sense to you?

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aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
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Warren Buffet is in league with the govt and banks in the massive wealth swindle that is going on.

When the gov't needed him to boost the markets they made a deal with him - you buy GM preferreds we'll splash it all over the media
"world's greatest investor see value in US stocks! - You should buy too!!"
and we will bail out AIG the insurance giant in which you have billions of dollars of potential losses in your credit default swaps.

--- a win - win for Buffet.

This is just another replay of the same old, same old.

"Thieves and their Shills"
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-didn't see this as an answer on the poll. Seemed all the choices were on investment merits.
perhaps the polls could have a choice
"other"
and if you click that you get a comments box.

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AIG bonus payments controversy - Wikipedia, the free encyclopedia

A [B]credit default swap[/B] (CDS) is a similar to an traditional insurance policy, inasmuch as it obliges the seller of the CDS to compensate the buyer in the event of loan default.

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